Data / Crowdfunding / Louisiana / GATR Coolers, Inc
GATR Coolers, Inc: crowdfunding raise on DEALMAKER SECURITIES LLC, $250,000 to $1,235,000 (2022)
GATR Coolers, Inc, a corporation in Thibodaux, LA, filed a Form C with the SEC on December 5, 2022 to raise $250,000 to $1,235,000 in common stock through DEALMAKER SECURITIES LLC. The offering closed on February 28, 2023. In its most recent fiscal year it reported $1,958,977 in revenue and a net loss of $181,288, with 10 employees.
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- Website
- gatrcoolers.com
- Funding portal
- DEALMAKER SECURITIES LLC
- Address
- 1635 ST. PATRICK ST, Thibodaux, LA 70301
- Legal form
- Corporation
- Jurisdiction
- DE
- Incorporated
- April 29, 2022
- SEC CIK
- 0001938502
Offering terms
From the offering filed December 5, 2022.
- Security
- Common Stock
- Price
- $26.00
- Target
- $250,000
- Maximum
- $1,235,000
- Deadline
- February 28, 2023
- Portal compensation
- DealMaker Securities LLC will receive a 3% commission based on the dollar amount of the securities sold. The issuer paid a one-time $15,000 service fee, a $2,000 monthly maintenance fee, and must reimburse certain expenses related to the Offering.
Financials
From the Form C-AR filed May 1, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $1,958,977 | $1,395,139 | sec.gov |
| Cost of goods sold | $1,093,219 | $731,307 | sec.gov |
| Net income | $-181,288 | $52,543 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $1,765,174 | $861,285 | sec.gov |
| Cash | $112,946 | $223,915 | sec.gov |
| Accounts receivable | $214,181 | $140,859 | sec.gov |
| Short-term debt | $672,495 | $382,252 | sec.gov |
| Long-term debt | $1,450,572 | $655,638 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 2, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| May 1, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| March 7, 2023 | Progress update | $250,000 | $1,235,000 | February 28, 2023 | This Form C-U shall serve as a final update regarding the offering that ended February 28, 2023. As of the close of the offering, the final amount closed on was $541,814 and 20,839 number of securities sold. | sec.gov |
| February 6, 2023 | Progress update | $250,000 | $1,235,000 | February 28, 2023 | Issuer reached 100% of the target offering amount as of January 21, 2023 | sec.gov |
| February 6, 2023 | Progress update | $250,000 | $1,235,000 | February 28, 2023 | Issuer reached 50% of the target offering amount as of January 13, 2023. | sec.gov |
| December 5, 2022 | Offering | $250,000 | $1,235,000 | February 28, 2023 | sec.gov |
Updated May 2, 2023. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.